CNBC World News

Southern Italians are bracing themselves for the coronavirus outbreak that has crippled northern Italy, with many people scared, angry and desperate for more government help.

If last week's preliminary data flashes are anything to go by, the global economy is en route to a recession.

Fitch Ratings earlier this month downgraded the outlook for 10 banking systems in Asia Pacific to "negative." All 17 banking systems in the region that Fitch assesses now have a "negative" outlook.

Analysts polled by Reuters had expected the official PMI to come in at 45 for the month of March, from a record low of 35.7 a month earlier.

Amazon said it fired Chris Smalls for 'violating social distancing guidelines and putting the safety of others at risk.'

Global cases of infection exceeded 784,700 and at least 37,638 people have died, according to data compiled by Johns Hopkins University.

"As dramatic as this has been, I do believe that the economy will recover steadily," Fink says.

Oil prices have tumbled so much that in some places beer is now cheaper than "black gold."

The ratings agency warned that sectors "most sensitive to consumer demand and sentiment" will be especially hard-hit.

President Donald Trump is poised to roll back ambitious Obama-era vehicle mileage standards and raise the ceiling on damaging fossil fuel emissions for years to come, gutting one of the United States' biggest efforts against climate change.

The union protested at the company's aviation facility in Lynn, Massachusetts, as well as its headquarters in Boston.

Johnson & Johnson said human testing of its experimental vaccine for the coronavirus will begin by September and it could be available for emergency use authorization in early 2021.

The total number of coronavirus infection cases globally reached 766,300, according to data compiled by Johns Hopkins University.

Stocks rose on Monday, building on a strong rally from last week as the U.S. extends measures to contain the coronavirus outbreak.

While the rest of Europe imposes severe restrictions on public life and closes borders and businesses, Sweden is taking a more relaxed approach to the coronavirus outbreak.

Ford Motor, Fiat Chrysler, Toyota Motor and Honda Motor are continuing with such plans as executives "monitor" or "assess" the situation following President Donald Trump on Sunday extending national social-distancing guidelines to April 30.

Oil prices fell to an 18-year low on Monday as demand continues to decline, just as nations including Saudi Arabia prepare to ramp up production.

Richard Branson's California-based rocket company Virgin Orbit partnered with medical researchers and developed a ventilator device.

Israeli Prime Minister Benjamin Netanyahu tested negative for the coronavirus on Monday after a parliamentary aide was confirmed to be carrying the virus, though the 70-year-old leader would remain in isolation, a spokesman said.

Israeli Prime Minister Benjamin Netanyahu will lead the country for 18 months, then allow rival Benny Gantz to take over.